What is the maximum contract value?

Maximum Contract Value means the amount specified in the "Limitation of Expenditure" clause set out in the Contract; and Minimum Contract Value means 10% of the Maximum Contract Value.

What does a risk manager do in construction?

In short, a construction risk manager "identifies risks and comes up with methods for avoiding them," write the career experts at Indeed. "They consider the financial, legal, environmental and reputational risks that the organization and employees may face."

US Legal Forms
Forms Kit
Construction Contractor Forms
Multi-State
Construction Contract for Home - Fixed Fee or Cost Plus

Construction Contract Cost Plus With Guaranteed Maximum Price In Santa Clara

Q: What is the maximum contract value?

Maximum Contract Value means the amount specified in the &quot;Limitation of Expenditure&quot; clause set out in the Contract; and Minimum Contract Value means 10% of the Maximum Contract Value.

Q: What does a risk manager do in construction?

In short, a construction risk manager &quot;identifies risks and comes up with methods for avoiding them,&quot; write the career experts at Indeed. &quot;They consider the financial, legal, environmental and reputational risks that the organization and employees may face.&quot;

Category:

Construction - Contractors

State:

Multi-State

County:

Santa Clara

Control #:

US-00462

Format:

Instant download

Description

The Construction Contract Cost Plus With Guaranteed Maximum Price in Santa Clara is a binding agreement between a contractor and owner for the construction of a residential project. This contract, which includes detailed specifications for work to be performed, outlines key features such as the scope of work, work site, permits required, and insurance obligations of the contractor. One notable aspect is the cost-plus fee structure, allowing for the reimbursement of actual costs incurred by the contractor, plus a guaranteed maximum price, ensuring that owners are protected from unforeseen cost overruns. Additionally, the form includes provisions for changes to the scope of work, late payment penalties, and warranty coverage. This contract is particularly useful for attorneys, owners, and legal assistants who need a clear understanding of project costs, responsibilities, and risks involved. Paralegals and associates will benefit from the form's straightforward layout for filling out and modifications. Overall, this construction contract serves as a comprehensive tool for managing residential construction projects effectively in Santa Clara.

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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.

Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.

Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.

If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.

We protect your documents and personal data by following strict security and privacy standards.

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FAQ

Maximum Contract Value means the amount specified in the "Limitation of Expenditure" clause set out in the Contract; and “Minimum Contract Value “means 10% of the Maximum Contract Value.

The GMP Budget is the amount the Trustees have budgeted for the construction Contract. The award of a construction contract is contingent upon receiving an actual GMP within the GMP Budget.

In short, a construction risk manager "identifies risks and comes up with methods for avoiding them," write the career experts at Indeed. "They consider the financial, legal, environmental and reputational risks that the organization and employees may face."